Price for Heaters; Instantaneous or Storage Water Heaters, Non-Electric, Other than Gas in Canada - 2023
Contents:
- Price for Heaters; Instantaneous or Storage Water Heaters, Non-Electric, Other than Gas in Canada (CIF) - 2022
- Price for Heaters; Instantaneous or Storage Water Heaters, Non-Electric, Other than Gas in Canada (FOB) - 2023
- Imports of Heaters; Instantaneous or Storage Water Heaters, Non-Electric, Other than Gas in Canada
- Exports of Heaters; Instantaneous or Storage Water Heaters, Non-Electric, Other than Gas in Canada
Price for Heaters; Instantaneous or Storage Water Heaters, Non-Electric, Other than Gas in Canada (CIF) - 2022
The average import price for heaters; instantaneous or storage water heaters, non-electric, other than gasses stood at $564 per unit in 2022, jumping by 41% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.0%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($727 per unit), while the price for China ($64 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+2.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Heaters; Instantaneous or Storage Water Heaters, Non-Electric, Other than Gas in Canada (FOB) - 2023
The average export price for heaters; instantaneous or storage water heaters, non-electric, other than gasses stood at $503 per unit in December 2023, declining by -31.4% against the previous month. Over the period under review, the export price, however, saw a moderate increase. The growth pace was the most rapid in March 2023 an increase of 201% m-o-m. The export price peaked at $867 per unit in April 2023; however, from May 2023 to December 2023, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for the United States.
From December 2022 to December 2023, the rate of growth in terms of prices for the United States amounted to +3.7% per month.
Imports of Heaters; Instantaneous or Storage Water Heaters, Non-Electric, Other than Gas in Canada
In 2022, the amount of heaters; instantaneous or storage water heaters, non-electric, other than gasses imported into Canada shrank rapidly to 327K units, declining by -25.1% against 2021. Over the period under review, imports recorded a deep reduction. The pace of growth was the most pronounced in 2021 when imports increased by 18% against the previous year. As a result, imports reached the peak of 436K units, and then contracted markedly in the following year.
In value terms, imports of heaters; instantaneous or storage water heaters, non-electric, other than gasses expanded rapidly to $185M in 2022. The total import value increased at an average annual rate of +4.9% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 10%. Imports peaked in 2022 and are likely to see steady growth in years to come.
| Import of Heaters; Instantaneous or Storage Water Heaters, Non-Electric, Other than Gas in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 123 | 127 | 133 | 138 | 3.9% |
| Mexico | 32.3 | 25.2 | 34.3 | 38.5 | 6.0% |
| Netherlands | 2.7 | 2.7 | 2.5 | 3.3 | 6.9% |
| China | 1.0 | 0.7 | 0.8 | 0.5 | -20.6% |
| Others | 1.3 | 2.6 | 3.6 | 3.9 | 44.2% |
| Total | 160 | 158 | 174 | 185 | 5.0% |
Top Suppliers of Heaters; Instantaneous or Storage Water Heaters, Non-Electric, Other than Gas to Canada in 2022:
- United States (190.3K units)
- Mexico (117.2K units)
- China (7.5K units)
- Netherlands (6.4K units)
Exports of Heaters; Instantaneous or Storage Water Heaters, Non-Electric, Other than Gas in Canada
In 2022, approx. 19K units of heaters; instantaneous or storage water heaters, non-electric, other than gasses were exported from Canada; dropping by -8.5% compared with the previous year. Overall, exports continue to indicate a significant decline. The pace of growth was the most pronounced in 2021 with an increase of 35%. The exports peaked at 37K units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, exports of heaters; instantaneous or storage water heaters, non-electric, other than gasses rose remarkably to $9.8M in 2022. In general, exports recorded a pronounced shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by 51%. The exports peaked at $11M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
| Export of Heaters; Instantaneous or Storage Water Heaters, Non-Electric, Other than Gas in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 10.9 | 5.1 | 7.7 | 8.0 | -9.8% |
| Vietnam | N/A | N/A | N/A | 0.5 | 0% |
| Others | 0.4 | 0.5 | 0.8 | 1.3 | 48.1% |
| Total | 11.3 | 5.7 | 8.5 | 9.8 | -4.6% |
Top Export Markets for Heaters; Instantaneous or Storage Water Heaters, Non-Electric, Other than Gas from Canada in 2022:
- United States (17.7K units)
- Vietnam (0.4K units)
229
This report provides an in-depth analysis of the nonelectric water heater market in Canada.
313
This report provides an in-depth analysis of the agricultural product dryer market in Canada.
109
This report provides an in-depth analysis of the market for non-domestic percolators and equipment for cooking or heating food in Canada.
259
This report provides an in-depth analysis of the non-domestic percolator market in Canada.
285
This report provides an in-depth analysis of the non-domestic food heater market in Canada.
312
This report provides an in-depth analysis of the non-domestic dryer market in Canada.
385
This report provides an in-depth analysis of the market for medical or laboratory sterilizer in Canada.
376
This report provides an in-depth analysis of the market for air or gas liquefier in Canada.
337
This report provides an in-depth analysis of the market for non-domestic heat exchange unit in Canada.
368
This report provides an in-depth analysis of the wood dryer market in Canada.
238
In June 2023, the price of Non-Domestic Heat Exchange Units in Canada reached $383 per unit (CIF), representing a significant increase of 14% compared to the previous month.
255
Discover the top import markets for non-domestic heat exchange units, including key statistics and opportunities. Learn about the leading countries driving the global market and how to capitalize on these opportunities. Explore the data from IndexBox and gain valuable insights today!
157
Discover the top import markets for salts of oxometallic and peroxometallic acids. Explore key statistics and market insights from IndexBox platform.
238
In June 2023, the price of Non-Domestic Heat Exchange Units in Canada reached $383 per unit (CIF), representing a significant increase of 14% compared to the previous month.
255
Discover the top import markets for non-domestic heat exchange units, including key statistics and opportunities. Learn about the leading countries driving the global market and how to capitalize on these opportunities. Explore the data from IndexBox and gain valuable insights today!
